GST News

Daily Wager Faces Rs 1.08 Crore GST Penalty in Shocking Identity Theft Case

20 November 2024 at 09:08

In a startling case of identity theft and GST fraud, Rajendra Kumar Yadav, a daily wager from Dumardiha village in Koderma district, Jharkhand, has been slapped with a ₹1.08 crore penalty notice from the GST and Central Excise Department, Mumbai.

Posted in GST | 1893 Views

GST Fitment Committee Reviews Taxability of Delivery Charges by Food Delivery Apps

20 November 2024 at 09:01

State and central GST officials, forming the fitment committee, are reviewing the tax treatment of delivery charges levied by food delivery platforms like Swiggy and Zomato.

Posted in GST | 639 Views

CBIC Extends GSTR-3B Filing Deadline for Oct 2024 to Nov 21 for Maharashtra and Jharkhand

19 November 2024 at 08:52

In a move aimed at providing relief to taxpayers, the CBIC has issued Notification No. 26/2024 – Central Tax dated November 18, 2024, extending the due date for filing GSTR-3B returns for the month of October 2024.

Posted in GST | 9606 Views

GSTN Issues Important Advisory on GSTR 2B and IMS

18 November 2024 at 05:13

It has been reported by few taxpayers that their GSTR-2B for October-2024 period has not been generated on 14th November, 2024.

Posted in GST | 2196 Views

GSTN: Resolution Underway for Duplicate Invoices in GSTR-2B for September and October 2024

16 November 2024 at 07:00

The Goods and Services Tax Network (GSTN) has identified an issue where some taxpayers are seeing duplicate invoices in GSTR-2B for both September 2024 and October 2024.

Posted in GST | 6933 Views

GST Officials Uncover Rs 48 Crore Tax Evasion in Gujarat Copper Trading Case

16 November 2024 at 07:00

In a major crackdown on tax evasion, Gujarat's state GST department has unearthed tax fraud amounting to over Rs 48 crore during a search and seizure operation targeting 14 copper trading firms.

Posted in GST | 1158 Views

GST Council May Grant Tax Relief on Health and Term Insurance for Senior Citizens in Dec 2024 Meeting

14 November 2024 at 06:41

The upcoming GST Council meeting in Rajasthan on December 21-22, 2024, may bring potential tax relief for insurance policyholders.

Posted in GST | 1662 Views

GSTN Issues Advisory on IMS on Supplier View

14 November 2024 at 06:41

Invoice Management System (IMS) has been made available on the GST Portal from 14th October, 2024 wherein the recipient taxpayer can accept, reject or keep the invoices pending which are saved/filed by their suppliers in their respective GSTR-1/1A/IFF.

Posted in GST | 3210 Views

India's Online Gaming Market Surges by 23% in FY24 Amidst GST Hike

13 November 2024 at 06:56

India's gaming market surged by 23% year-on-year, reaching $3.8 billion in revenue in FY 2023-24, even as the sector faces a 28% GST on online gaming, recent reports reveal.

Posted in GST | 774 Views

New IMS on GST Portal Aims to Curb ITC Discrepancy Notices and Reduce Litigation

13 November 2024 at 06:54

The Goods and Services Tax (GST) portal's recently launched Invoice Management System (IMS) is set to significantly decrease the number of notices issued over Input Tax Credit (ITC) discrepancies

Posted in GST | 2178 Views